Moon Capital Management Liquidated CVS Health Corporation (CVS) with Modest Gain

Moon Capital Management, LLC, an investment management company, released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The majority of experts believed two years ago that a U.S. recession might be approaching within the next twelve months. Two years later, however, the economy has managed to escape contraction, inflation is under control, profit margins are strong, and investor confidence has returned. The S&P 500 has also generated its best two-year...